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GE / Snecma Launch CFM Materials as New JV

FARNBOROUGH, England - 19 July 2010 - CFM International parent companies, GE and Snecma (Safran group), have become partners in a 50/50 joint venture named CFM Materials. The company, which became operational May 31, 2010, supplies CFM56 used serviceable material to CFM's aviation customers around the globe.

"GE and Snecma have extensive experience in the manufacturing, marketing, sales and support of materials solutions for aircraft engines," said Bill Correll, CEO of CFM Materials. "This experience will ensure CFM Materials customers have access to the same high-quality sales and support that they have come to expect."

Previously, Snecma was a partner in GE Aviation Materials LP (GEAM), which provided used material for both GE and CFM engine families. GEAM is now wholly owned by GE Aviation and focuses exclusively on GE-branded products.

CFM International, a 50/50 joint company between Snecma (Safran group) and GE, is the worlds largest producer of commercial aircraft engines and the company delivered its 21,000th CFM56 engine in July 2010.